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Chijioke Ohuocha

UPDATE 2-Nigeria's central bank to start monthly review of banks' loan ratios

11:45am EDT

* Cenbank to review loan-to-deposit ratio of banks from Sept. 30

UPDATE 2-Nigeria's central bank tries to force banks to lend, not buy bills

Jul 19 2019

LAGOS, July 19 Nigeria's central bank barred banks from buying bills for their own accounts at an open market auction held on Thursday, a move intended to force them to lend rather than invest in government debt, traders said on Friday.

UPDATE 1-Nigeria's Fidelity Bank eyes up to 50 bln naira debt sale before Q2

Jul 19 2019

LAGOS, July 19 Nigeria's Fidelity Bank aims to sell up to 50 billion naira ($163.2 million) in Tier II debt before the second quarter of next year to refinance existing bonds as yields fall, the mid-tier lender said on Friday.

REFILE-UPDATE 3-Nigeria to force lending by capping deposits at central bank

Jul 11 2019

LAGOS, July 11 Nigeria plans to encourage lending by capping banks' interest-bearing deposits at the central bank, the latest in a series of measures aimed at reviving an economy stuck with low growth.

Airtel Africa drops 10% in early trade after Lagos listing

Jul 10 2019

LAGOS Airtel Africa shares fell sharply on Wednesday, a day after its debut $4.4 billion flotation in Lagos, mirroring a similar decline on the London stock market where the telecoms firm has its primary listing.

UPDATE 1-Airtel Africa drops 10% in early trade after Lagos listing

Jul 10 2019

LAGOS, July 10 Airtel Africa shares fell sharply on Wednesday, a day after its debut $4.4 billion flotation in Lagos, mirroring a similar decline on the London stock market where the telecoms firm has its primary listing.

Airtel Africa debuts in Lagos in $4.4 billion listing

Jul 09 2019

LAGOS Airtel Africa listed on the Nigerian Stock Exchange on Tuesday in a 1.36 trillion naira ($4.4 bln) flotation turning the telecoms company into the bourse's third-largest stock by market value. | Video

UPDATE 2-Nigeria orders banks to lend or face sanctions

Jul 05 2019

LAGOS, July 5 Nigeria's central bank will try to force banks to lend more or face higher cash reserve requirements, part of a series of measures aimed at reviving an economy stuck with low growth.

Delayed Airtel Africa's $4.4 billion Nigeria listing to go ahead on Monday

Jul 05 2019

LAGOS Airtel Africa aims to list on the Nigerian bourse on Monday, one of the financial advisors arranging the issue said, after the exchange postponed the listing which had been scheduled for Friday.

UPDATE 2-Delayed Airtel Africa's $4.4 bln Nigeria listing to go ahead on Monday

Jul 05 2019

LAGOS, July 5 Airtel Africa aims to list on the Nigerian bourse on Monday, one of the financial advisors arranging the issue said, after the exchange postponed the listing which had been scheduled for Friday.

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